American Century Companies Inc. Acquires 87,721 Shares of ScanSource, Inc. (NASDAQ:SCSC)

American Century Companies Inc. boosted its stake in ScanSource, Inc. (NASDAQ:SCSC) by 13.1% during the fourth quarter, HoldingsChannel reports. The firm owned 759,318 shares of the industrial products company’s stock after buying an additional 87,721 shares during the period. American Century Companies Inc.’s holdings in ScanSource were worth $36,030,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Wasatch Advisors LP boosted its holdings in shares of ScanSource by 13.2% in the 3rd quarter. Wasatch Advisors LP now owns 1,097,992 shares of the industrial products company’s stock worth $52,737,000 after purchasing an additional 127,883 shares in the last quarter. Raymond James Financial Inc. bought a new stake in ScanSource in the 4th quarter worth approximately $5,687,000. JPMorgan Chase & Co. boosted its stake in ScanSource by 31.8% in the third quarter. JPMorgan Chase & Co. now owns 377,080 shares of the industrial products company’s stock worth $18,111,000 after buying an additional 91,069 shares in the last quarter. Victory Capital Management Inc. grew its position in ScanSource by 142.2% during the fourth quarter. Victory Capital Management Inc. now owns 119,599 shares of the industrial products company’s stock valued at $5,675,000 after acquiring an additional 70,228 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of ScanSource by 97.9% during the third quarter. Barclays PLC now owns 54,346 shares of the industrial products company’s stock worth $2,610,000 after acquiring an additional 26,881 shares in the last quarter. 97.91% of the stock is currently owned by institutional investors.

ScanSource Price Performance

Shares of ScanSource stock opened at $34.47 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.30 and a current ratio of 2.11. ScanSource, Inc. has a 52-week low of $34.32 and a 52-week high of $53.90. The company has a fifty day moving average of $39.36 and a 200-day moving average of $45.36. The stock has a market capitalization of $808.80 million, a price-to-earnings ratio of 13.62, a price-to-earnings-growth ratio of 1.14 and a beta of 1.41.

ScanSource (NASDAQ:SCSC) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.04). ScanSource had a net margin of 2.08% and a return on equity of 8.55%. During the same quarter in the previous year, the business earned $0.85 EPS. Equities research analysts expect that ScanSource, Inc. will post 3.33 EPS for the current year.

Insider Buying and Selling

In other news, CFO Stephen Jones sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $36.14, for a total value of $72,280.00. Following the transaction, the chief financial officer now owns 69,816 shares in the company, valued at approximately $2,523,150.24. This trade represents a 2.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael L. Baur sold 15,000 shares of the company’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $38.91, for a total transaction of $583,650.00. Following the sale, the chief executive officer now owns 162,760 shares of the company’s stock, valued at $6,332,991.60. This represents a 8.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,994 shares of company stock worth $731,702 in the last ninety days. 4.20% of the stock is owned by insiders.

About ScanSource

ScanSource, Inc engages in the distribution of technology products and solutions in the United States, Canada, and Brazil. It operates through two segments, Specialty Technology Solutions and Modern Communications & Cloud. The Specialty Technology Solutions segment provides a portfolio of solutions primarily for enterprise mobile computing, data capture, barcode printing, point of sale (POS), payments, networking, electronic physical security, cyber security, and other technologies.